**Cyprus Stock Exchange to Delist Two Companies from Emerging Market**
The Cyprus Stock Exchange (CSE) has announced plans to delist the shares of two firms, K. Kouimtzis and A.J. Green Shell, from its emerging companies market. This decision will take effect on July 31, 2026, following a thorough review that indicated both companies have failed to meet essential operational conditions, thereby jeopardizing investor interests.
In a statement released on Wednesday, the CSE outlined the reasons behind this significant action. K. Kouimtzis has been cited for multiple compliance failures, including the inability to retain a nominated adviser, which is a critical requirement for companies listed on the exchange. Additionally, the firm did not submit its six-monthly financial report for the period ending June 30, 2025, nor the annual financial report for the year ending December 31, 2025. The CSE noted that trading of K. Kouimtzis shares has been suspended since August 11, 2025, exceeding six months, which further raised concerns about the company's operational viability. The exchange also highlighted a lack of compliance with shareholder requirements and an absence of information regarding the company's business plan.
Similarly, A.J. Green Shell has faced systemic compliance issues. The company failed to submit its annual financial reports for both 2024 and 2025, as well as the six-monthly report for the period ending June 30, 2025. Like K. Kouimtzis, A.J. Green Shell has not maintained a nominated adviser and has outstanding financial debts to the exchange. The shares of A.J. Green Shell have been suspended from trading since August 13, 2025, and the firm has also neglected to provide necessary information about its business plan to market authorities.
Both companies will remain in suspension until their final delisting date. On July 31, 2026, their securities will be removed from the Central Securities Depository and Central Registry, in accordance with the relevant laws governing the exchange.
This delisting decision underscores the CSE's commitment to maintaining a transparent and compliant market environment, ensuring that investor interests are protected. The exchange has emphasized the importance of adherence to regulatory requirements, which are vital for the integrity and stability of the financial market in Cyprus.
Investors in both K. Kouimtzis and A.J. Green Shell will need to consider the implications of this delisting and the potential loss of their investments as the companies fail to meet the necessary standards for continued listing on the emerging companies market.